BTC price dropped again while Trump was speaking. He is making statements regarding the trade war, viewing it as a weapon and leverage for improving the US economy. The seriousness of the situation became evident recently. Although issues with Mexico and Canada were resolved temporarily, the new president is opening new fronts.
Trump and Cryptocurrencies
Trump’s arrival was fantastic for cryptocurrencies in terms of regulation. However, it is turning out to be disastrous for the global economy. Following China, Mexico, and Canada, he announced that there would be additional tariffs on Japan as well. Moreover, he promises much more. Trump mentioned that he would announce decisions on additional tariffs with several countries next week.
As the weekend approaches with low trading volume, Trump essentially dropped a bomb in the cryptocurrency space.
- I will talk with Putin.
- I will meet with the President of China.
- I will discuss the Nippon agreement with Ishiba.
- I will make an announcement regarding mutual trade next week.
- Tariffs on Japan are an option.
- Tariffs are a way to cover the budget deficit.
- Next week, I will announce mutual tariffs for many countries.
- I hope to meet with Zelenskiy next week to discuss the security of their rare earth elements.
